Washington policy-makers consider China Ocean Shipping Co. (COSCO) a threat to market capitalism and national security. Its rates are restricted, its trade in American ports monitored. The company has been embroiled in national controversies ranging from a crash in New Orleans to gun smuggling in San Francisco. A task force of the U.S. House of Representatives calls COSCO Shipping a front of Chinese intelligence - a thinly veiled arm of the Chinese military.
EXCLUSIVE: China secretly shipping Nuclear arms to Pakistan
COSCO Shipping - A Front of Chinese Intelligence
In a port city that many of the world's largest steamship lines have abandoned, the arrival of China Ocean Shipping Co. four years ago was like a transfusion of fresh blood. As other container ships left Baltimore, "Cosco" sailed in. As lines reduced service, Cosco expanded.
"They're definitely one of our top carriers," said Mark Johnson,...
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